16
QuizMultiple Choice

Business Summary Statistics

Question 16 • FowU - Financial Math - B

Which of the following is a reason people sometimes use mean or median to misrepresent the “average” of a set of data?

Answer
A
In many data sets, the mean and median are always similar.
B
In most data sets, the mean and median are always different.
C
The median is meaningless but is often confused with the mean.
D
In data sets with outliers, either the mean or median can be used to make the data set appear more favorable to their agenda.
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